UOI proposes $8.9m final and special dividends for FY2024

If approved, the dividends will be paid on 16 May.

United Overseas Bank (UOI) is proposing a final dividend of $0.085 per share and a special dividend of $0.060 per share for FY2024.

Subject to shareholders’ approval, the proposed final and special dividend will amount to $8.9m, to be paid on 16 May.

The dividends will be distributed to shareholders in full, without any additional tax liability.

Together with the interim dividend of $0.085 per share paid on 15 August 2024, the total dividend for FY2024 would be $0.23 per share, amounting to a total net dividend payment of $14.1m.

Entitlements to the dividends will be computed based on the shareholdings position after settlement of all trades on 6 May. 

The dividends will be paid by the company to The Central Depository (CDP), which will, in turn, distribute the dividend to holders of the securities accounts.